HS Code:
The category 'Exceeding 750 W but not exceeding 14.92 kW' typically falls under HS Code 8501.32 or similar, relating to electric motors and generators (excluding generating sets) with an output power in the specified range. These products are widely used in industrial applications, automotive systems, and renewable energy solutions. This category is critical for machinery and equipment manufacturing, contributing significantly to global industrial output.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for energy-efficient motors
Increased trade volume due to global push for sustainability and reduced energy consumption in industrial sectors
2021-2022
Growth in electric vehicle (EV) production
Higher demand for motors in the specified power range for EV components, boosting exports from key manufacturing hubs
2020-2022
Automation in manufacturing
Increased adoption of industrial automation solutions driving demand for electric motors in this power category
2019-2022
The European Union introduced stricter energy efficiency standards under the Green Deal, affecting the import of electric motors in this category. Non-compliant products face higher tariffs or market entry barriers.
January 2023
Potential shift in supply chains towards manufacturers meeting EU standards, benefiting European and compliant Asian producers.
A new phase of the US-China trade agreement reduced tariffs on certain industrial goods, including electric motors in this power range, fostering increased exports from China to the US.
March 2022
Boost in trade volume between the two countries, with China maintaining its dominant position in the market.
South Korea announced a USD 500 million investment in domestic production of electric motors for EVs, targeting the 750 W to 14.92 kW range, aiming to reduce reliance on imports.
September 2022
Likely increase in South Korea’s export share in the coming years, challenging other major exporters.